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Commentary on The Capital Markets- Category [Flash]

Oops.

Big, big loss.

I'll be going through this later, but my first blush is that this report just plain sucks on the EPS side, and the guidance sucks too.

Wow.

But but but.... sales tax wasn't going to kill them!  Uh.....

smiley

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There are unconfirmed reports that a Malaysian Jet was shot down by a BUK Missile System in eastern Ukraine.

Note that this is unconfirmed -- the plane definitely went down as there is apparently wreckage on the ground.

This comes on the back of a Ukranian military cargo plane that was shot down a few days ago.  The WSJ is stating that the former was hit by a missile probably fired from Russian territory.  The previous aircraft, as with this one, was flying well beyond the range of shoulder-fired missiles; the military plane at some 20,000' and the airliner would have been around 30,000.

Small, shoulder-fired missiles are unlikely to be able to reach either, however land-based SAM systems are certainly capable of an intercept at this altitude and an airliner is a big, fat and slow (by military standards) target.

If the so-called "rebels" shot down this aircraft where did they get the SAM system (and the trained crew; these things don't fire themselves) to do it with?

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2014-07-14 11:39 by Karl Denninger
in Flash , 894 references
 

Head's up!

It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 AM on Monday, July 14, 2014, will be held under expedited procedures, as set forth in section 26lb.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th Street and C Streets, N.W., Washington, D.C. The following items of official Board business are tentatively scheduled to be considered at that meeting.

Meeting Date: Monday, July 14, 2014

Matter(s) Considered
1. Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.

Whas 'dat?

h/t: Apo

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